The Rc22 Foundation Inc

Analysis

The Rc22 Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, The Rc22 Foundation Inc reported income of $166k and spending of $152k, spending 92% of its income. Across the 3 years on record, from December 2019 to December 2021, income fell from $527k to $166k (-69%), an average of -44% a year. The sharpest change came in the year to December 2021, when income dropped by 82%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, The Rc22 Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Media for Development International Inc ($165k), Madison International Partners Inc ($166k) and Worldwide Healing Hands ($165k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $716k against liabilities of $144, net assets of $716k.